Import-export related terms

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Import-Export related terms:
 import
 export
 market
 customs
 shipper
 consignee
 exchange rate
 duty
 inconvertibility
 quota

IMPORT
im•port verb \im-ˈpȯrt, ˈim-ˌ\
Spanish translation
Import vb.– importar vt.
Import n. – importación f.
Significance
1. Noun. Goods and services purchased abroad. For example, industrialized countries usually import oil from OPECcountries.
Eg. Germany insists on restrictions on the import of Polish coal.
2. Verb. To import products or raw materials means to buy them from another country for use in your own country.
Eg. We import a large number of cars from Japan.
3. Verb. To introduce new goods, customs or ideas to one country from another
Eg. The fashion for wearing baseball hats was imported directly from theStates.

Origin:
1400–50; late Middle English importen < Latin importāre [to carry in, from im- + portāre to carry]
= "convey information, express, make known". to carry in, from im- + portāre to carry]. Sense of "bring in goods from abroad" first recorded c.1500.

Related forms
im•port•a•ble, adjective
im•port•a•bil•i•ty, noun
im•port•er, noun
non•im•port, noun
o•ver•im•port, verb(used with object)
Synonyms
- significance, sense.
Related to IMPORT
Synonyms: count, matter, mean, signify, weigh

EXPORT
ex•port verb \ek-ˈspȯrt, ˈek-ˌ\
Spanish translation
Export vb.– exportar vt.
Export n. – exportación f.
Significance
1. Noun. Goods and services sold to foreigners.
Eg. France’s main exports are french cheeses.
2. Verb. To export products or raw materialsmeans to sell them to another country.
Eg. They expect the antibiotic products to be exported to Southeast Asia and Africa.
3. Verb. To put something from one country into use in other countries
Eg. American culture has been exported all over the world.
Origin:
1475–1485; < Latin exportāre to carry out, bear away, equivalentto ex- ex-1 + portāre to carry, bear. The sense of "send out(commodities) from one country to another" is first recorded in English 1660s. The noun is from 1680s.

Related forms
ex•port•a•ble, adjective
ex•port•a•bil•i•ty, noun
ex•port•er, noun
non•ex•port•a•ble, adjective
su•per•ex•port, noun

MARKET
mar•ket noun, often attributive \ˈmär-kət\/ˈmɑː.kɪt/
Spanish translation
Market n. – Mercado nm.
Market tv. – comercializar vt.
Significance1. a - a geographic area of demand for commodities or services
Eg. They are trying to develop foreign markets for American cotton.
b - a specified category of potential buyers
Eg. Advertisers are trying to appeal to the youth market.
2. The course of commercial activity by which the exchange of commodities is effected : extent of demand
3. a - an opportunity for selling
b- The available supply of or potential demand for specified goods or services
4. The area of economic activity in which buyers and sellers come together and the forces of supply and demand affect prices

Origin:
Middle English, probably from Continental GMC; akin to Old Saxon markat marketplace, Old High German marcāt, both ultimately from Latin mercatus trade, marketplace, frommercari totrade, from merc-, merx merchandise. First Known Use: 12th century

CUSTOMS
cus•toms noun \ˈkəs-təm\
Spanish translation
Customs pl n. – aduana nf.
Customs (duties) pl n. – aranceles de aduana nmpl.

Significance
1. Duties, tolls, or imposts imposed by the sovereign law of a country on imports or exports
Eg. There is a standard 15% customs duty on every imported item except medicines.2. usually singular in construction : Customs is the official organization responsible for collecting taxes on goods coming into a country and preventing illegal goods from being brought in.
Eg. The Customs Enforcement branch would be involved in violations of customs regulations…
Origin:
1150–1200; Middle English custume < Anglo-French; Old Frenchcostume < Vulgar Latin *co ( n ) s ( uē...
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